Indicator creation

• 08/13/2019 at 8:57 PM #104701
  fredrikfx

  Hi guys

   

  I need help to create an indicator that says when it´s time to enter a trade. Exit will be handled manually. I want the indicator to

  say go LONG, when close >EMA11, EMA11 > EMA22, EMA22 > EMA35 AND MACD[12,26,4](close) < MACDline[12,26,4](close).

  And go SHORT when close < EMA11, EMA11 < EMA22, EMA22 < EMA35 AND MACD[12,26,4](close) > MACDline[12,26,4](close).

  Thanks in advance

  Part of the strategy

  // Conditions to enter long positions indicator1 = ExponentialAverage[11](close) c1 = (close > indicator1) indicator2 = ExponentialAverage[11](close) indicator3 = ExponentialAverage[22](close) c2 = (indicator2 > indicator3) indicator4 = ExponentialAverage[22](close) indicator5 = ExponentialAverage[35](close) c3 = (indicator4 > indicator5) indicator6 = MACD[12,26,4](close) indicator7 = MACDline[12,26,4](close) c4 = (indicator6 < indicator7) IF c1 AND c2 AND c3 AND c4 THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to enter short positions indicator8 = ExponentialAverage[11](close) c5 = (close < indicator8) indicator9 = ExponentialAverage[11](close) indicator10 = ExponentialAverage[22](close) c6 = (indicator9 < indicator10) indicator11 = ExponentialAverage[22](close) indicator12 = ExponentialAverage[35](close) c7 = (indicator11 < indicator12) indicator13 = MACD[12,26,4](close) indicator14 = MACDline[12,26,4](close) c8 = (indicator13 > indicator14) IF c5 AND c6 AND c7 AND c8 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF

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  // Conditions to enter long positions   indicator1 = ExponentialAverage[11](close) c1 = (close > indicator1) indicator2 = ExponentialAverage[11](close) indicator3 = ExponentialAverage[22](close)   c2 = (indicator2 > indicator3) indicator4 = ExponentialAverage[22](close) indicator5 = ExponentialAverage[35](close)   c3 = (indicator4 > indicator5) indicator6 = MACD[12,26,4](close)     indicator7 = MACDline[12,26,4](close) c4 = (indicator6 < indicator7)   IF c1 AND c2 AND c3 AND c4 THEN   BUY 1 CONTRACT AT MARKET   ENDIF     // Conditions to enter short positions indicator8 = ExponentialAverage[11](close) c5 = (close < indicator8) indicator9 = ExponentialAverage[11](close) indicator10 = ExponentialAverage[22](close) c6 = (indicator9 < indicator10) indicator11 = ExponentialAverage[22](close) indicator12 = ExponentialAverage[35](close) c7 = (indicator11 < indicator12) indicator13 = MACD[12,26,4](close) indicator14 = MACDline[12,26,4](close) c8 = (indicator13 > indicator14)   IF c5 AND c6 AND c7 AND c8 THEN   SELLSHORT 1 CONTRACT AT MARKET   ENDIF

   

  

  fredrikfx

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  08/13/2019 at 9:46 PM #104708
  GraHal

  I can’t recall ever doing an Indicator before, but below will give you a ‘1’ when Buy Conditions are met … see attached.

  You can then set an Alert that will email you so you can then Buy manually??

  indicator1 = ExponentialAverage[11](close) c1 = (close > indicator1) indicator2 = ExponentialAverage[11](close) indicator3 = ExponentialAverage[22](close) c2 = (indicator2 > indicator3) indicator4 = ExponentialAverage[22](close) indicator5 = ExponentialAverage[35](close) c3 = (indicator4 > indicator5) indicator6 = MACD[12,26,4](close) indicator7 = MACDline[12,26,4](close) c4 = (indicator6 < indicator7) MyBuy = c1 AND c2 AND c3 AND c4 Return MyBuy

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  indicator1 = ExponentialAverage[11](close) c1 = (close > indicator1) indicator2 = ExponentialAverage[11](close) indicator3 = ExponentialAverage[22](close) c2 = (indicator2 > indicator3) indicator4 = ExponentialAverage[22](close) indicator5 = ExponentialAverage[35](close) c3 = (indicator4 > indicator5) indicator6 = MACD[12,26,4](close) indicator7 = MACDline[12,26,4](close) c4 = (indicator6 < indicator7) MyBuy = c1 AND c2 AND c3 AND c4   Return MyBuy

   

  

  GraHal

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  08/13/2019 at 10:16 PM #104711
  GraHal

  fredrikfx wrote:

  indicator that says when it´s time to enter a trade

  Or are you wanting the Indicator to speak to you (say Go LONG)?

  You can do this by recording a .wav file and using this .wav as the Alert instead of the inbuilt PRT voices / alerts.

  

  GraHal

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  08/15/2019 at 11:38 AM #104785
  fredrikfx

  Thank you GraHal. This is just what i needed.

  I have one other question. Is it possible to enter a trade in real time. I mean, f.ex. when two lines are crossing, the trade should enter in exactly that moment. Not waiting for the candle to close.

  If it´s possible, how do I define this in the code?

   

  

  fredrikfx

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  08/15/2019 at 12:40 PM #104788
  GraHal

  If you mean on the PRT Alerts … then you would tick the box – ‘Current Candle’

  If you mean on Auto-System … then you would need execute trades on a Low TF – 5 secs or 15 secs maybe having had the conditions running on whatever TF you choose – 1 hour, 4 hours etc.

  MTF however is not available in Live running yet, or it may be if you ask IG to switch MTF on for you!?

  

  GraHal

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